Auto industry
GM recalls 67,380 EVs for brake software
A brake-module software flaw can briefly cut braking on some Lyriq, Celestiq, Vistiq and Blazer EV models. The fix comes by OTA or dealer update (campaign 26V717), per NHTSA. Link
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The Clairmont Automotive Report
Thursday, November 5, 2026
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The other stories from Thursday, November 5, 2026.
Toyota lifts full-year profit outlook
Toyota raised its fiscal-year operating profit forecast to $24.8B (¥3.9T) from $21.6B (¥3.4T), with first-half operating income up 9.2% to $13.9B (¥2,191.1B), and added $1.9B (¥300B) to its buyback, per Toyota.
Read the full summary →Templin to lead Toyota Motor North America
COO Mark Templin becomes TMNA president and CEO on Jan. 1, 2027, succeeding Ted Ogawa, and Hiroshi Nambu becomes COO, per Toyota.
Read the full summary →2027 Sequoia priced from $69,900
The refreshed hybrid-only SUV adds a Trailhunter package and trailer-assist tech and is due at dealers this fall, per Toyota.
Read the full summary →Ken Garff adds two big Toyota stores
On Nov. 2 Ken Garff said it bought Avondale Toyota (Ariz.) and One Toyota of Oakland (Calif.) with their real estate, taking the group to 71 stores, per Ken Garff.
Read the full summary →Payments keep climbing in Experian's early Q3 read
Preliminary Q3 average payments were $773 new and $548 used, 19% of new loans top $1,000 a month, and 60+-day delinquency is 0.97% (+1 bp YoY), per Experian's Nov. 3 presentation.
Read the full summary →Product income carries F&I PVR in JM&A's Q3 data
Product income was 61.7% of Q3 F&I PVR vs. 38.3% from reserve (+0.3 pt YoY for products), and GAP penetration ran ahead of last year, across 2,000+ dealers that sell JM&A products, per JM&A Group.
Read the full summary →Car-loan interest deduction rules take effect Monday
Final IRS rules (T.D. 10054) on the deduction of up to $10,000 of qualifying vehicle-loan interest, including lender reporting at $600 or more, take effect Nov. 9, per the Federal Register.
Read the full summary →Agora Data moves into near-prime dealer funding
Its dealer funding program now covers FICO 660 and below, with APRs from 13.99% and net advances up to 97%, per Agora Data.
Read the full summary →Car-Mart lender relief extended to Nov. 9
Silver Point-led lenders pushed Car-Mart's waiver and covenant relief from Nov. 4 to Nov. 9, per an SEC 8-K.
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